Tax Policy & IRS News
The Daily Signal reports on tax legislation, reform efforts, and tax enforcement by the IRS. Get conservative analysis on how tax policies and cuts affect families, businesses, and America’s fiscal outlook.
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Courts Block Biden’s Student Loan Cancellation Plan: A Win for Taxpayers
On Monday, two federal court judges issued nationwide injunctions stopping the Biden administration from illegally canceling hundreds of billions of dollars in student debt. This scheme, the Saving on a Valuable Education, or SAVE, Plan, is the latest lawless loan redistribution attempt to fail in court. Background President Joe Biden finalized SAVE via an administrative…Madison Marino Doan -
How Much Federal Income Tax Do the Rich Pay?
Politicians on the Left portray the rich in America as a bunch of freeloaders who don’t pay their fair share of taxes. These politicians suggest that many of society’s problems could be solved if only the rich would be less greedy and hand over more of their money to the government to spend. There are…Preston Brashers -
Supreme Court Narrowly Upholds Tax on Unrealized Gains From Overseas Company Profits
The Supreme Court issued a much-awaited ruling in a tax case, holding that the mandatory repatriation tax passed as part of the 2017 Trump tax cuts did not exceed Congress’ constitutional authority. The court’s holding was narrow, and significant in large part for issues it did not address, leaving open questions related to the constitutionality…Cully Stimson -
5 Ways to Help Avoid Going Over the Looming 2025 Tax Cliff
A large tax increase is scheduled to hit almost all taxpayers at the end of next year—that is, unless Congress comes up with, and agrees to, another plan before then. Expect a lot of talk about taxes from politicians over the next year-and-a-half as Washington grapples with the looming tax cliff. Unfortunately, few lawmakers will…Preston Brashers -
NPR’s CEO Is a No-Show at Hearing Looking Into Bias at Taxpayer-Funded Network
A House subcommittee on Wednesday discussed the increasing left-wing bias at National Public Radio, a taxpayer-funded news and features network. The hearing stemmed from a debate sparked by an online essay a month ago in The Free Press by longtime NPR editor Uri Berliner, who alleged that the network was both extremely biased and had…Jarrett Stepman -
Taxpayers Are Subsidizing College Extremism
Mohamed Abdou is a pro-Hamas “anarchist interdisciplinary activist-scholar of Indigenous, Black, critical race, and Islamic studies, as well as gender, sexuality, abolition, and decolonization” at Columbia University. Now, I don’t mean to pick on Abdou. It’s just that he happens to teach virtually every trendy pseudo-intellectual identitarian twaddle concocted by modern man. Ultimately, we make…David Harsanyi -
With NPR’s Left-Wing Bias Again Exposed, Its Taxpayer Subsidies Draw Renewed Scrutiny
It’s been a week since a liberal, 25-year veteran editor for National Public Radio published a damning online essay about the network’s biased, left-wing coverage, and there appears to have been no self-reflection by NPR’s powers that be. Uri Berliner, who authored the essay, was chastised by NPR employees, suspended, and finally submitted his resignation…Jarrett Stepman -
Planned Parenthood Checklist: More Abortions, Less Actual Health Care, More Tax Dollars Than Ever
Planned Parenthood’s 2022-2023 annual report is out. Unlike last year’s annual report, now we’re finally able to see how the 2022 Dobbs decision overturning Roe v. Wade is affecting Planned Parenthood’s abortion numbers and bottom line. Spoiler alert: Abortions and government funding are at all-time highs. Actual health care for things such as cancer screening…Melanie Israel -
Taxpayers Shouldn’t Have to Fund State Department’s DEI Pseudoscience
The federal government increasingly looks like an Ivy League classroom, combining therapy for fragile souls with indoctrination into specious ideology. Nowhere is this more apparent than at the State Department, where employees are encouraged to take courses in the name of diversity, equity, inclusion, and accessibility, or DEIA, that stress their differences, trauma, and status on the…Simon Hankinson -
How Taxpayers Will Heavily Subsidize Democrat Boots on the Ground This Election
Progressives are using legal loopholes and the power of the federal government to maximize Democrat votes in the 2024 election at taxpayers’ expense, RealClearInvestigations has found. The methods include voter registration and mobilization campaigns by ostensibly nonpartisan charities that target Democrats using demographic data as proxies, and the Biden administration’s unprecedented demand that every federal agency “consider…Ben Weingarten -
EXCLUSIVE: Left-Wing Group Pushed a Policy That Could Shape 2024 Election Outcome—Using Your Tax Dollars
FIRST ON THE DAILY SIGNAL—Documents reveal an organization backed by Obama White House alumni such as Valerie Jarrett and bankrolled by liberal dark money donors advocated using tax dollars to pay college students to get out the vote in the 2024 election, doing so before the Biden administration announced the same policy. The Daily Signal…Fred Lucas -
After Feds Showered Blue State With Tax Dollars to Fix Homelessness, Here’s the Result
A plethora of federal agencies have spent well over $200 million attempting to alleviate homelessness in Washington state over the past 17 years, only for the number of people living on the streets to keep rising. Federal agencies like the Department of Housing and Urban Development, the Department of Veterans Affairs, and the Department of…Robert Schmad -
Recipe for Economic Train Wreck: Biden’s FY ’25 Budget’s 10 Massive Tax Increases
President Joe Biden released his proposed budget for fiscal year 2025 on Monday. There’s something in his budget for everyone—everyone who loves tax hikes, that is. Biden would raise taxes by $5 trillion over 10 years, and—based on his budget—would allow an additional $2 trillion of middle-class tax cuts to expire after 2025. Between 2023…Preston Brashers -
Families Health Services Act Is a Taxpayer-Funded Attack on Families and Life
A sweeping Senate bill would radically expand in vitro fertilization and other reproductive technologies for military service members without regard to their sexual orientation, gender identity, or marital status, promoting the creation of children outside of marriage, including between two men and their hired surrogates. Democrats pushed for a unanimous consent agreement Tuesday, meaning, if…Emma Waters -
Taxpayers to Pay $3M for Mayorkas Impeachment Defense
The Department of Homeland Security so far has spent $3 million of taxpayer money to defend embattled Secretary Alejandro Mayorkas against impeachment by the House of Representatives, according to documents obtained by The Heritage Foundation’s Oversight Project. The DHS contract with a law firm was to cover the cost of a failed attempt to stave…Fred Lucas -
Taxation Without Reason
My income tax is due in a few weeks! I hate it. I’m pretty good at math, but I no longer prepare my own taxes. The form alone scares me. I feel I have to hire an accountant because Congress, endlessly sucking up to various interest groups, keeps adding to a tax code. Now even…John Stossel -
San Francisco Spent Massive Amount of Taxpayer Dollars to House Homeless During Pandemic
San Francisco wants federal taxpayers to help cover the more than $423 million it spent housing approximately 5,000 homeless people in hotels and other “non-congregate” facilities during the COVID-19 pandemic. The total cost per homeless person housed by San Francisco during the pandemic was $84,600, according to data reported by the San Francisco Chronicle. San Francisco city…Robert Schmad -
Arizona’s Proposed Reversal in School Choice Would Hurt Taxpayers, Not Just Students and Their Families
Three decades ago, Arizona policymakers created opportunities for educators to start new schools and for families to choose between them. Unfortunately, though, the state’s current governor aims to sharply reverse Arizona’s embrace of educational choice. Gov. Katie Hobbs, a Democrat, has called for the repeal of two programs: scholarship tax credits and education savings accounts. But…Matthew Ladner -
Tax and Welfare Bill Reveals Washington’s Chronic Debt Delusion
Among the major pieces of legislation up for grabs in Congress is the inappropriately named “Tax Relief for American Families and Workers Act,” which the powerful House Ways and Means Committee passed Jan. 19 with bipartisan support. The bill could receive a House floor vote as soon as this week, although there is considerable debate…David Ditch -
If You Ran Your Family Budget Like the Government, You’d Be Broke: ‘Tax Cut’ Edition
The bipartisan Tax Relief for American Families and Workers Act might sound good on the surface. A closer look, however, reveals that the legislation is gimmicky, fiscally irresponsible, and misses a chance to fix work requirements for welfare. And its business tax cuts include retroactive relief alongside pro-growth tax cuts. To understand the gimmicky nature…Preston Brashers